Goldman Sachs Leads US$36 Million Round for Food-ordering Platform Woowa Brothers (Asia)
Source: Asian Venture Capital Journal | Author(s): Tim Burroughs
A group of investors led by global banking, securities and investment management group Goldman Sachs has invested KRW40 billion (approximately US$36 million) in a Series D funding round for South Korea-based Woowa Brothers, which owns and operates the digital food-ordering platform Baedal Minjok. The company will use the new funds to upgrade its technology, improve customer experience and expand overseas. Earlier this year, Woowa Brothers raised US$11 million in Series C funding from venture capital firms CyberAgent Ventures, IMM Investment, Stonebridge Capital and Altos Venture Korea.